It joins The Bureau on Shkolnik's 'Letting Go'

Celluloid Dreams Prods. will team with London-based The Bureau to produce Tom Shkolnik’s comedy drama “The Letting Go,” budgeted at just E500,000 ($632,500). Bertrand Favre at The Bureau and Dan McCulloch will produce.

The Bureau will raise half of its budget via U.K. funding sources, said Panahi.

Celluloid Dreams hopes to recoup the rest by selling “Letting Go” to 10 territories at $31,000 a shot.

Workshop rehearsals will take place in London in summer and fall, aiming for a winter shoot.

Panahi envisages “Letting Go” as her first micro-budget production, and she aims to extend the framework to other countries.

“If there are overseas producers with strong material, first- or second-time directors, and they can share the risk and profit, let’s see if we can make the movie economically, maintaining creative freedom,” Panahi said.